One in five small businesses turn to credit cards to manage cashflow, highlighting a growing trend among entrepreneurs facing unpredictable income and rising expenses. While credit cards can offer flexibility and short-term relief, relying on them without a strategy can quickly spiral into high-interest debt and financial strain. The good news? Uswitch credit card experts […]
Five years since the first Covid 19 lockdown, data from Start Up Loans shows there has been a surge in aspiring entrepreneurs taking out finance to bring their businesses to life. In the five years since the start of the pandemic, there has been a 21% increase in the number of first loans delivered by […]
As the Spring Statement approaches, the UK’s small and medium sized businesses are eager for economic clarity before committing to major investment decisions. SMEs have strong ambitions for growth, with 87% planning to invest this year, according to new research from independent funder Bibby Financial Services (BFS). Data from BFS’s Q1 2025 SME Confidence Tracker, […]
With SMEs already bracing themselves for the financial fallout from the government’s Autumn Budget, Reward Funding is urging the government to rethink some of its planned policies in next week’s Spring Statement, in order to lift the burden on UK business. Nick Smith, group managing director for Reward, which provides asset-secured funding to help entrepreneurs and SMEs thrive, said: […]
The National Enterprise Network, the leading representative of business support for micro, small and start-up businesses, has warned that urgent action is needed to prevent the UK losing the vital infrastructure which supports growth across the country’s economy. As the latest news shows the UK economy continuing to slow down, NEN is calling on the […]
Big banks continue to offer their SME customers poor rates on their hard-earned savings, which have declined further following the drop in the Bank of England Base Rate in February. Since January 2023, Allica Bank’s independent Monthly Savings Tracker has been monitoring average savings rates offered by the big banks, relative to the savings interest […]
Big banks continue to offer their SME customers poor rates on their hard-earned savings, which have declined further following the drop in the Bank of England Base Rate in February. Since January 2023, Allica Bank’s independent Monthly Savings Tracker has been monitoring average savings rates offered by the big banks, relative to the savings interest […]
As part of the government’s plan to support small businesses and boost global exports a new Board of Trade has been unveiled. The new look Board, announced by the business and trade secretary, will be charged with helping businesses, including the country’s 5.5 million SMEs, to boost their exports and help super-charge growth for the […]
New research from American Express highlights a strong sense of camaraderie among small business leaders, with an overwhelming majority (94%) agreeing it is important to support their peers. The survey of 500 UK small business owners and senior decision makers found that peer support plays a critical role in business success by driving tangible commercial […]
When it comes to exit strategies and succession planning, two-fifths (40%) of female business owners plan to keep their business in the family, passing their business down to children or other close relatives, according to research from wealth manager Charles Stanley. Thinking more about their exit strategies and succession plans, some female business owners are […]
